National Bank of Poland cuts rates to record low of 0.5%


The National Bank of Poland (NBP) has reduced interest rates by 50 basis points and expanded its asset purchase programme in a bid to reduce the impact of Covid-19 on the economy.

As a result, the reference rate is now at a record low of 0.5%. The decision follows the 50bp rate cut the monetary policy council implemented on March 18. Back then, the central bank also reduced banks’ reserve requirements, which it estimates released 40 billion zloty ($9.5 billion) for lending.

In the policy

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: